I would have to refinance as guarantor within 3 years (and then pay recording taxes anyway) Prepayment penalty has since passed but technically bank could assess transfer penalty when called.

I need a new phone but with my mac world around me and there only being one phone that is fully mac compatible it is kind of an easy choice...

A valid assessment Jon.When I saw you posted here, I was afraid of over-moderation, but your post was quite accurate IMHO.You elaborated on my post in that the more complex questions will get fewer answers simply because fewer people know them.

I also always check the tax parcel information (which can usually be found online) to see what the house is tax assessed at and to get all the other information they have listed on it.

I'd appreciate some insight on this.I'm going to look at a HUD foreclosure listed with a broker for $48K, tax assessed value.

I apologize if I seem a little harsh, but come on you have to be kidding me.Go by and see the inside and do an assessement and if you are looking to wholesale the deal why not get it at a dirt cheap price and HOLD on to it.Site unseen I would probably offer them using the 100k price point for the sake of numbers 35k.

Jon,I'd appreciate your input on this.I'm going to look at a HUD foreclosure listed with a broker for $48K, tax assessed value.

(I’m assuming he has successfully gotten the tax assessor to re-assess the property, which is common in CA now.)

the Certified Assessed Value was $84,292 january 2008.

I received the title company's assessment and I do know that the owner(seller) has a lien on the house, owing the IRS 25k, which I believe the bank did not know about and is now dealing with.